Oil Dives, Bonds Rally as Recession Fears grow
Wednesday 6th July 2022The Euro is getting closer to parity with the US dollar. In today’s podcast NAB’s Skye Masters points out that the Markets team had forecast parity by the end of the year, but it looks like it wil happen much sooner than that. The big moves overnight, including a sizable fall in oil and copper, show recession fears are front and centre, even though there’s been very little data, and what there has been has not been particularly bad news. Skye says days like today, where there are some contradictory shifts, demonstrate the importance of looking at the trends and focusing…
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